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in the sales tax. >> iyou went to a community meeting and asked 30 people, if you had to choose between raising 700 milon by increasing the gas tax by 18 cents, or by increasing the sales tax by a penny, most people would say -- they did not want to do either, but if they had to do one, the sales tax is a less painful and more palatable way to go about th. >>is reasoning behind that, he sasays because -- a good way for the environment less reliance on gas. the gasoline tax is not revenue -- generating revenue at once dead. >> i was surprised. he and his counterparts have sparred over time on a number of issu. he gave gov. mcdonald credit r recognizing that the gas tax is generating less and less overtime becse of greater fuel effificiency, hybrid vehicles. you have to find a new source. for the governor, that means this p push, and we will s see if f it becomes part of his legislave package this year. adding a penny to the sales tax. >> peter morici, you think th is aousy idea and you are not alone. the wall street editoal pag blasting gov. bob mcdonnell. they say is a bad idea because it let d
of taxes is also now getting some buzz. and new controversy over reports that federal agents waited to arrest an illegal immigrant and a sex offender who worked for this powerful democratic senator, senator menendez, you saw in that picture there. what, what really went on? why was this done? an early morning rescue puts a whole new meaning on another brick in the wall. as firefighters-- did you watch this on america's news room with bill and martha? firefighters worked hours to free a woman who got stuck in a tight spot, how it happened. ♪ ♪ caught between a rock and a hard place ♪ bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. before you begin an aspirin regimen. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. hi, i'm ensure clear... clear, huh? i'm not juice or
of state services like health and welfare, a limit on property taxes, plus republican legislators' refusal to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
can understand that. another great part of your program, vehicles for change is the tax donation. tell me about that. >> one of the big differences between our program and any other program that tax car donations is the tax law allows us to provide a better tax deduction to their donors. we get cars that have 250,000 miles at auction. that donor gets what we sell the car for. if we get a car in good condition that goes to lower income family our donor deducts fair market value. that's huge. it is twice as much as a car that sells at auction. >> tell me how people can get involved? is there a website to go to? tnyçeasiest way to go through û vehic for change.org. on our website they can to donate your car. there is a form you fill out. it takes a couple of minutes. we ask a lot of questions about the automobile. so we can determine what we can do with the vehicle. does it run? does it have body damage? it is simple. it comes to us. we let the donor know what we can do with the car and what their tax deduction will be. as an easy process. >> what do you see in your future for the com
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
spend the money rather than the citizens of the state of oklahoma deciding where their tax money will spend -- be spent. so, again, and i will tell you, transportation costs all lot more to build a highway today because we have tried to make it available and it has become expensive because we have added all these rules and regulations, all these requirements. a large portion, about 18 percent of of federal highway budget does not go to build the first, bridge, highly tomorrow. goes for enhancements. it's not something that people in oklahoma necessarily what. remanded the percentage that you have to spend on something other than that from a gas tax from putting gas in your tax. to me that is ludicrous. those are nice things. why it's getting ready to happen. what the possible solutions to get out of. here is a great example of how we got in trouble in the first place. what our founders believed was that we would have a very limited central government. i absolutely believe that we should have a limited central government, but it should be authoritative in terms of the areas that w
to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about
. if the house is going to be serious about a 10-year plan, it's time with bring a tax bill to the floor. i think it would have helped us in the election if we'd run a tax bill on the floor and actually run a medicare bill. last year's budget was i think about one page. not even one page. there's a lot more heavy lifting than a one-page tax plan. i think republicans could do ourselves good by striking out prorkviding leadership, outlining what a breath program looks like, same with the house and other entitlement reform. let's secure medicare, medicaid, sos and it's one thing to have a paragraph in the budget and another to pass things on the floor. i think it's time we took that chance and put out what we're for in a detailed manner. these are serious times. it's not about gains before the next election. it's gains with our credit worthiness long-term. >> i think it's important to point out that one of the reasons leadership may be able to shorten the years to balance is buzz of the recent tax increases. so it's not just a structural change in what we're doing, it's that there have been tax incr
of the poll taxes to keep poor and african person people from voting. >> the only people that will be able to afford guns in the state of maryland are rich people with the money and time to comply with this. >> reporter: mcdunna will eliminate parole and probation for anyone convicted gun crimes and increase the use of the death pnlt which the governor is attempting to eliminate during the session. >> politicians ought to stop grandstanding and misleading people with simplistic solutions and go after the criminals and monsters that do the things. >> reporter: the governor package bills is aimed at improving mental health service and security at entrances to schools in maryland. delegate plans to talk about his proposal at an event form for gun appreciation day. abc2 news christian schaffer. >> it's going to be another cold night in baltimore but how low will the temperatures go? wyatt everhart is here with the most accurate weather forecast. >> look at temperatures now. one of the coldest nights we have had for a while down into the 20s. we have 31 now in stevensville and all points in cen
campus. and paying a huge tax bill with change doesn't seee like a good ideaabut califorria disageees. disageees.he paiida 14- thousand dollar property tax &pbill-with coins.. larry gasper ssys the act of change was part of his one-man protestt he ann pay half of the bill - the pounty refused to take the money... telliig him he had to coom back with all of it. so he did - in change. gaaper says: i had to borroww some mooey , ive issed a few &ppayments on my home toopay for my taxes for this piece of property my grandkids piggy banks my money , my change and a loo of people have offered to help a bit." bbt." the clerk was surprised quarters... but brought l in a few people tt make sure all the change added up correctly. the county suggests that people ánotá pay theirrtaxxs in change - but will accept payment as long as it's in the full amouut. 3 3 te batmobile on the auction block.the great bargain the nearry 40 years agoo 3 [ male announcer ] now at your neighbororhood subwa: the big hot pastrami melt. we perfected the pastrami sandwich -- fille
you have to. the quick cash comes with a price. -- price. >> there are tax implications that you have to pay taxes on it. if you are not 59 and a half you have a penalty, for people who need a steady monthly income there are other options like getting new quotes on car insurance or refinancing your house. >>> if you have been and rock that is important that is happening on sunday. the ravens heading up to new england for a fans are ready to celebrate. >> we're more than 48 hours away from kickoff in boston. and massachusetts. that's not stopping the party from starting so soon on this friday. >> and the cheerleaders. and sherrie johnson is out there with the fans. there is quite a crowd. we're here at the house in white march where they are pumped up. look at them. listen to them. >> they are ready. they are in action. everyone is soi have the cheerl the ladies are watching this place. brenda. tell bus why you and your girls came out. >> we got off work this morning. we said we are going to beer and bacon for the ravens! [ laughter ] >> we have our cheerleaders here as well. you have
-and-a-half billion ers. th- dollars.... heavily subsidizee with your tax doolaas.but just a shoot time ago - the judge ruled that the masterr development connract - and alll the ground eases associated procuremenn laws. meaning - the deal should've been ppu out for bii -- so it is now officially void.this ruling project as is... ending the thought all along that tth devvlopment would hurt <"thhs is a bii victory for uss.. showw that small pox 45 also uncovered some big tax breaks for the project... if it haa been buult. for now - it ppears t won't. we've governor's officc. a representative told us the state is now reviewing its &p45 news at 5. roeder --fox anne arundel county executive pohn leopolddhaa waived his right to a jury trial, meaning a judge will decide his guilt or innocence. innocence.the decision comes selection in his misconduct ttial. leopold is accused of misuing his police detail for perssnal gain.prosecutors say as security while he had sex with a county employee inside a car. leopold has maintained his innncence. openiig statemeets are set for friday. soom... ma
nothing to do with our inability to govern our own spending and taxes. but anytime one tries to hold it, that is when it is wrong. whatever you want to call it, when you have a moral and constitutional obligation you shouldn't mix it up with things you want to do politically. i come back to you, there is the see quester that was done in late 2011. and on top of that, we have to have a continuing resolution to let the government run. my suggestion is that you give yourself time to get that done. >> maybe we can rise beyond some of our constituentsys which are screaming in our ears don't compromise. >> maybe you can change the order that these fall. if you want to line up where you are spendingwise. but i have to disagree with my buddy charlie and i think the moral obligation here and the way that you keep us from being downgraded how do we tell the markets that we are doing something to tell the debt curve what it is about to do to the country. >> if it looks like you are trying to parcel out, there are 80 million payment accounts in the american government and you are rying to give out
. but there are enormous complexities in the tax accounting and operational challenge. can you say what your thinking is in that area? >> now that i have a voice again with some water, jet lag and a cold, you can't hold me back. money market funds will be one of the primary issues that the commission tackles in the coming months. you know, the process is under way, but quite frankly, we at the commission can and have been proceeding without too much reference to what's going on, and i think there is a new spirit at the commission working with the staff, industry and amongst the commissioners and the consensus that we need to take some action. obviously, there has been a lot of press about potentials involving the float. i have expressed that would be a great avenue to explore, recognizing, as you point out, there are pretty serious tax and accounting issues that have to be addressed and haven't been addressed even though this has been going around the industry for four, five years. on the accounting front, i'm hopeful that as the commission has authority over it, we can figure something out there, if
at 19 for senator hatfield, i had the very good fortune to be assigned to the tax reform act of 1976. and then i had the even better fortune that it came up on the floor of the senate. so during the many days it was before this body i sat up in the staff gallery and watched as amendment after amendment was raised and debated on and voted on. there was no camera, no email, the member of the senate team that was responsible for it would run down from the staff gallery, intercept your senator, explain what the issue was, what had been said about it, what folks back home thought about it, what the set of motions had been done on it, and it was a legislature at work. and rarely, rarely did the thought that anything would not be decided by 51 pass the minds of the senators. that was something observed, that objection to 51 was reserved for very special occasions, very rare occasions you might do once or twice in your career. i do -- i do feel like the conversation we have before us is so important, and i thought i'd put up this chart. this just dramatizes -- and my colleague can see it --
. mr. wilson:section 8 the congress shall have power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the united states, but all duties, imposts, and excises shall be uniform throughout the united states, mr. goodlatte: i now yield to the gentleman from texas, mr. green. mr. green: to borrow money on the credit of the united states, to regulate commerce with foreign nations, and among the several states, and with the indian tribes, to establish an uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the united states, mr. goodlatte: i now yield to the gentleman from florida, mr. nugent. mr. nugent:to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures, to provide for the punishment of counterfeiting the securities and current coin of the united states, to establish post offices and post roads, to promote the progress of science and useful arts, by securing for limited times to authors and inventors the excl
to sign a couple of tax. almost everyone is vulnerable to this. >> the last reported theft was in laurel. >> i will be more careful now and i will think twice before sending a check. >> authorities are not saying how the checks are being altered but a security experts suspect check washing. >> they're using rudimentary measures, chemicals like and buy in any store. if you go on line and do a search you will find out how to erase think of a check and write your own name in there. it is not that sophisticated. >> the banks are culpable. >> they should be inspecting tax a little bit better. you can tell when a check has been rewritten. >> put your mail in a mailbox or go to the post office or given to the mail carrier. m.p. your mail box as soon as possible especially if you are expecting money and have your local post office holder mail if your on vacation. another good tip is to do your bill payments on line. with been told that police are investigating similar thefts in montgomery county. we're live in howard county. >> of howard county doctor has been ordered to pay more than $1 million
around you. so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. 3 goldffshh. you probably thiik of the kind you win at carnivals.... or keep as a pet... but a michigan man might need a biiggr bowl for what he reeleddin. in. 3 get this.... mike martin was fishing in lake saint clair this.... a giant gollfish.it'ss over three pounds, and nnarly & 15 inches long.the fish is now stored innhis freezer... aadd mike saysshe plans to mounn it on the wall. 3p3 3 they stormmddthe 3 court ooight in collegg park...bruce cunninghhm explains why...next...insports unlimited. vr3 that'll do ittforrthe late edition. thanns for joining uu, i'm jeff barnd. barnd. p3 and i'm jennifer gilbert. up now. -3 3 3 3 the n-f-l couldn't have ask
it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dual-air technology that allows you to adjust to the support your body needs each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. save $500 on our special edition bed set. plus, 48-month financing on all beds. now at the sleep number white sale. >>> we are working on 2 breaking stories right now. we have a house fire going on right now. we have got crews heading to the scene in the 4000 block of krauseen avenue. we will bring you more. >>> and we are also follo
the eligibility age and by not increasing taxes subject to the social security payroll tax. it would scale back benefits for wealthier recipients. taking a look at friday's closing numbers. stocks closing the day mostly in the green. the dow closed at a five-year high. the markets are closed today for the martin luther king jr. holiday. it looks like it is better to be single, at least in the financial sense. taxpayers will see the federal tax rates rise this year on wages and investments. the increase will pinch married customers faster than individuals, especially if both spouses work and have capital gains. this is the bloomberg business report. >> with the phony girlfriend story and talk about internet hoaxes, some say now was the time to have a talk about staying safe. >> experts say be careful. >> we need to be aware and need them to use the right types of tools to protect themselves and the kids around them. >> even if you're not interested in a hoax, seize the moment to teach your children. >> it is a good teaching tool. i'm sorry that it had to happen to this young man. i am using the
social security and medicare by raising the eligible age by not increasing taxes subject to the social security payroll tax. scale back benefits for wealthier recipients. stock's closing the day mostly in the green. the markets are closed today for the martin luther king jr. holiday. it looks like it is better to be single, at least in the financial sense. taxpayers will see the federal tax rates rise this year on wages and investments. the increase will pinch mary customers faster than individuals especially if both spouses work and have capital gains. >> it took 32 seconds for the president to begin his second term. a national celebration to welcome back america's president. tracie potts has more when the ceremony gets under way. >> i barack hussain obama -- >> president obama takes the stage this morning having already been sworn in yesterday. >> the last one was kind of fast. we'll take some time to enjoy it. >> hundreds of thousands witness the second inauguration of america's first black president. >> it means a whole lot. >> despite tough approval ratings, president obama still
revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part. that's what i w
tax reform. but what he's not willing to negotiate and he should not noer negotiate is over whether the congress pays for the bills. the congress is saying if we don't make the changes the way they want to, they're threatening to tank the united states economy. again, the debt ceiling, it is really important that people understand, this is not about expanding your capacity to start new government programs. this is paying for bill that is are already due and owing so not paying it would be like, tamron, you and i buying stuff on the credit card and then deciding after we bought that stuff we are not going to pay for it. if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republ
time with county tax dollars. >> i don't think so. i think this would be a better understood trial than having the jurors there. >> reporter: he doesn't think a trial heard by a judge would weaken the outcome. leopold is charged with one count of fraud for misusing county dollars. judge dennis sweeney will determine his fate while leopold's peers return to a normal life. opening arguments are scheduled for 9 monday morning. >> a baltimore city teenager accused of impers nateing a police officer. >> the school refuses to tells details about the case is. we found out how the student was able to dupe people. >> reporter: the student was arrested twice for impersonating an officer. he had a city schools police amount of sources say he was arrested twice for this and most recently worked in a store near lexington market. while city schools refuses to tell us details, it did send a statement saying it is under investigation and taking appropriate steps. it says the department of juvenile services are handling the case. as with most crimes, it must be reported to baltimore city police but it c
... governorr unveils... hiss.. 20-14... budget.... it... promises... n... new - taxes...// but... john rrdell says... that... ... is... rosy... "this budget will support 43,000 jobb throughoot our state."governor o'malley cclls his fiscal 20-14 budget...fiscally responsible. he says...after several yyarss of huge deffcits...maryllnd's economic pictuue is brightee. its longterm structural deficit...has nearlybeen - cuuhionn he bloo...from the &plingering stalmate inn congress...over raising the debt ceiling.(governor) "i we've made in termm of thee rainy day fund and he cash coming out o capitol hill." & but henna repooter asked... the governor aaoutthe possibility of increaaing was his reepy.(governor) "i'' not alkkig bout thatttoday but i donnt blame you for asking abouttit."(rrdell) "but as lawmakerssbegin to analyze this huge perating budget, 3 traasportatiin funding and -whether the governor will & eventually in either the ales taxxor the asollnn tax." (szeliga) "and it's billions and billions of dolllrs th
, it goes to keeping independent media alive. it is a tax-deductible charitable contribution. what ever you can do. you can get other gifts as well. $10, we thank you. you will get the "democracy now!" bumper sticker. "democracy now!" independent tv revenues. but it on your car or bicycle. call right now, 866-359-4334. 866-359-4334. make the call that makes the difference. "democracy now!" coffee. we have our own brand called grounds for democracy. $75 contribution, two mugs and the coffee for $200. yellow or blue. please call. that is what counts. 866-359-4334. 866-359-4334. by the way, we will be streaming live the memorial service for the summer activist, social justice activist, computer programmer pioneer who helped to develop rss and was co-owner of reddit, aaron swartz. the memorial service will be saturday at 4:00 in the afternoon in new york. maybe you live in maryland or massachusetts or washington state and cannot be in new york, he comes from illinois. we will live stream that ad democracynow.org. check that out on saturday at 4:00 eastern standard time on democracynow.org. we u
to the needs of our time. we must harvest new ideas and technology that we make our government, revamp our tax cuts come reform our schools, and empower our citizens with the skills they need to work harder and learn more and retire. but -- and reach higher. while the means change, the purpose and doors. a nation that rewards the effort and determination of each and every american, that is what this we believe every citizen deserves a measure of dignity. we must make the hard choices to reduce the cost of health care. we reject the belief that america must choose between caring for the generation that built this country and invested in the generation that will build its future. we remember the lessons of our past. twilight years were spent in poverty. a tablet disability had nowhere to turn. we do not believe that freedom is reserved for the lucky or happiness for the few. we recognize that men matter how responsibly we live our lives any one of us at any of our times may face a job loss or a home slipped away in a terrible storm. the commitments we make to each other do not zap our nation, th
is the republicans have agreed to raise taxes. they refused to do that for a generation. i think there will be a change on immigration. i think there's potential for bipartisan work on energy. the republican party's got to find its way back to some kind of restoration if it wants to get the white house back if it wants to control the senate again and move beyond the house. the movement they've had on the debt ceiling, democrats would call it gimmicky on some level. but we want to choose our fight difficultly. they want to push the president to deal with the spending problem this government has. you know what? all the polling reflects the fact that they're right. americans want a better economy. they want compromise. they want to cut government spending. so republicans are on the right track there. the question is how do they find a way to pressure the president in a way that's different tanhan what they've done. >> eugene? >> i think the question is whether the republican establishment, such as it is can bring along the rest of the republican party, the tea p
has seen how unfair it is for working families in d.c. to rear children and pay taxes without having a vote in congress. >>> d.c. leaders have been pushing for a little help from the white house for four years, so why this year? >> you know, i think it's because he is not running for re-election again, and doesn't have to worry about it, and you have to give credit where credit is due. people like mark phraugin, and he said it's symbolic, and if you don't do anything else it's symbolic, and he cornered me one day at a rally, and he asked me to bring it up to the president, and i did. and the president looked me straight in the eye and said i don't do symbolism. and i said this goes beyond symbolism. i think what it is, this president is a long-term thicker. he was not going to react then. he had an election coming up. and you get 9% of the vote from washingtons. >> and if the president is into symbolism, his so porters would say it shows that he is being driven in a vehicle that is addressing what many districts, we have no representation in congress and our tax dollars don't go and
for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it
and the issues we deal with in the coast and trying to tie that to the tax base and relate that both from a local regional perspective but also a national perspective. when you look at it, 30% of this nation's g.d.p. comes from the gulf coast. you look at the population increase we've had. since 1970, there has been 109% increase in the gulf coast region. the people are there, the vulnerabilities are there but also it is significant to what it provides to the nation. from the states perspective and also from the gulf we recognize that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with
to take a loan from a 401(k). >> reporter: loans that result in penalties, taxes, and lost interest. people in their 40s are most likely to borrow against their 401(k)s, but the financial pressure doesn't end there. another new study by aarp shows that the older you are, the higher your credit card debt. >> for the first time, people over age 50 are having more credit card debt, $2,000 more, than people who are younger. >> reporter: and that debt makes it more likely they'll borrow against their 401(k). it's a vicious cycle. how to avoid it? experts say you need a rainy day fund that's not your 401(k), and start saving separately for retirement in your 20s so you have at least a year's salary at 35, three years at 45, and by retirement at 67, you should have put away at least eight times your final salary. six years after tapping out their iras, they are both working, and once again saving for retirement. >> we worked very hard to get to where we are today. >> reporter: determined to enjoy their golden years after learning some hard lessons. chris jansing, nbc news, new york. >>> we
, pay their taxes without having a vote in congress. that's right. the plates will be on the white house vehicles throughout president obama's second term. >>> well, 40,000 people are expected to pack their presents to the inaugural ball events. that means that there's a lot of competition to find the best evening gowns. angie goff got help to find out what's appropriate and what's on trend. ♪ >> reporter: when getting ready for a presidential night of unpredictable fashion, choosing a dress can be daunting at the ritz carlton, we catch up with april yvonne, who with the help of saks, shows us house to make a statement. first suggestion -- go glam. >> right now we have lawrence, sporting a gorgeous gold baglia misha dress. this is indiana spired by the red carpet. the gold shimmer is in, it's on trend. >> reporter: april says bed belle of the ball in bronze. >> the bustiers bodice top brings everything in and lets it flow down. we've paired it with a gorgeous statement necklace. >> reporter: another trend color. she says blues are the new black. >> if you want to be patriotic and don't
your taxes online, pick the best tax software available... with h&r block at home. this is power software created by the tax experts at h&r block. and only h&r block software backs you up with free audit support and in person representation from a tax professional. file for free now at hrblock.com. try our enees, snacks and new salads. salmon with basil, garlic chicken spring rolls, and now salads, like asian-style chicken. enjoy over 130 tasty varieties, anytime. lean cuisine. be culinary chic. to say get well to your loved ones. ♪ this came for you, mommy. [ female announcer ] but it takes the touch of kleenex® brand, america's softest tissue, to turn a gesture into a complete gift of care. [ barks ] send your own free kleenex® care pack... full of soothing essentials at kleenex.com. kleenex®. america's softest tissue. >>> we are back now at 10 after 8 with today's professionals, here to break down the day's hottest headlines, star jones, donny deutsch, in for nancy, susie orman from cnbc's "the suze orman show." thank you, good morning. lance armstrong, tonight is the nig
. >>> just because there are behind bars doesn't mean they Ì6÷like bandits. tax fraud ballooned. in 2010, more than 91,000 inmates claimed $758 million in fraudulent refunds more than 0 prisozó9 0 v[o;3sqúthrough the =?f cracks. >>> there is a blame game going on in south bend, the star football player accused of making up a dead girlfriend. how much did the star know about this? >>> could the remote be the next thing to go away? the way of the cassette tape or vcr? why you won't need it soon. >>> crystal clear, blue sky kind of a day. dry evening on the way. it will be breezy and pretty cold conditions to deal with. 33, almost down to freezing bwi. there is a west breeze, that's going to add windchill factor to your friday evening plans as well. dress warm as you head out the door. dundalk today, beautiful day, beautiful day, as we look, see hawkins point, ccbc and dundalk, look at the sunset. finally sunshine back. most people saily take the colder weather. bring me sun. bel air today, nice dry, sunny conditions, kent island, shot from hemmings ways, bay bridge
'll have more on that in a couple of moments. >>> coming up, the tax that is back, making paychecks small er >>> michelle obama celebrates her birthday and the president's upcoming inaugural with a brand new do. first this is >>> coming up, the ceo of the charity lance armstrong founded speaks out. >>> and a dog that looks like a simpson's character? we'll introduce you to tuna, after your local news. pleasures can simply hurt. the sadness, anxiety, the loss of interest. the fatigue and aches and pains. depression hurts. cymbalta can help with many symptoms of depression. tell your doctor right away if your depression worsens, you have unusual changes in behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or e
he has seen how unfair it is for working families in d.c. to work hard, raise children, and pay taxes without having a vote in congress. d.c.'s nonvoting delegate to congress introduced another bill called the new columbia admission act. if passed it would give the district state status and it would become the 51st state. the measure hasn't even come close to approval in past years. there's another separate bill that would give the district final say over its budget matters. >>> still ahead on 9news now this night. how cold it's going to be this weekend. erica grow has the forecast just ahead. look, you he copd likme, you kn it cabe hard to eathe,n. copdspirivhelps ntrol onchi copd mptomsa.likme, open f 24 hos.ys ira handihal tiotriummenthat do. omide inhation pder llooue urinatin orve dnan enlargeprosta.,ms these y wors with spira. stop ting spiva and se immediate dical lp. yr breathin suddenly wsens, visionhangesr eye pain or problempassinurine. other de effts includey moutand. nothincan rerse copd. visionhangesr eye pain or problempassinurine. spiva helps breathe bter. other de
doubt bringing forth the preponderance of what bile and venomous language and a tax. what is the point of all? >> look. plenty of denigration on both sides to mend a disagree with all of it. you can disagree without tearing somebody down and he had every right to say what he said on sunday. that is his opinion. he speaks from personal experience. lou: no one is attacking him. wait a minute. nobody here is suggesting he does not have a right to do it. no one is suggesting -- i mean. [talking over each other] >> he is -- he used the preference of things that he witnessed during his campaign. we'll did. >> shucking and jiving, those are racist comments? -- lou: to buy applied to to read these words to iraq i mean, the president himself has described himself, as you know, as lazy. is this a word that somehow is one that i cannot use? and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats sa
. that is a $2,000 tax-deductible charitable contribution. if you could possibly afford that, it makes such a difference. you do not need to know when you have to do this. some people pledged three years ago and have not come to new york until now. does not matter. it does not expire. we do not want to live tv to expire. or you can say i am coming to town at the end of january, that is fine. we will work it out. you do not need to know when you will come. you just say i want dinner and a show. then my colleague here at the show will give you a call. you will become a friend of brenda fast, e-mail her back and forth, and that is how it goes. i cannot agree view -- i cannot wait to greet you. if you can possibly afford this, it would make a huge difference to keep independent media alive for everyone. your call makes a difference, you make it possible for live tv to happen. i really encourage you to tune in, check out the details on our website, democracynow.org, for our inauguration special, 8:00 until 1:00 on martin luther king. from tuesday until friday we will be broadcasting from th
: taxes, social security, healthcare costs, they see it all come out of their fictional check. >> when i compared this with my friend in term of how much i had to pay for taxes, a little disappointed sometimes. >> reporter: nonprofit junior achievement built this really cool space with the help of capital one bank right behind frost middle school in fairfax. during the day students learn how to apply for a modern, fill out a car loan -- mortgage, fill out a car loan application, buy insurance, even a storefront for investments and giving to charity. >> when kids understand how to manage money and make good choices, they will be better consumers ultimately. >> reporter: just before they finish all their calculations they get one of these, an unlucky chance card, something in real life that can really wreck your budget like the added expense of your engine blowing in your car or a tree falling on your home and students are not allowed to finish the day in the red at finance park. so they have to adjust their whole balance sheet. >> it definitely gave me some insight on how adult life is
to join in. on the stimulus package, you know why there were so many tax cuts in the stimulus package? he was hoping to get republicans to come in on that. because guess what? republicans are for tax breaks. we all know what the president's space was unprecedented, a set of republican leaders who said from the outset, our number one task is to make sure this president fails. no president had seen that. and understand, we were on the cusp of something almost like the great depression here and republicans stood fast and said our number one priority -- mitch mcconnell, to see the president fail. that's unprecedented. >> i agree that there is some lack of precedent on that. but there is also lack of precedent on the amount of big-ticket items that were passed with nothing but democrat loads. >> listen. >> and it has not helped. i think it's fermented a -- you know, an environment that's become increasingly uncivil. >> all right. we have exhausted this subject. i want to move on quickly and i don't have a lot of time. i want to talk about you said the president seemed antagonistic and other p
at the tax and regulato regulatory, if it's cheaper to make it in china and ship it here. that's not the company's fault, that's the government's fault. you see toyota expanding in mississippi and i think volkswagen in tennessee and what do those states have in common, oh, yes, right to work. so the problem isn't so much -- it's partly the tax aof the government and the punitive costs of unions in states like michigan which has now gone right to work and see how that affects the auto industry. at the end of the day, 26.5 of the auto bailout was a direct check written to the united auto workers and the democrats 2012 in the election cycle. >> and joining us live to tell us how mitt romney is right, ironically he we find that out on the day the president is sworn in for a second term. seton, thank you very much. >> thank you. >> they've committed horrific crimes and now are asking for forgiveness and someone to love them. that story is straight ahead, match.com. and they were hand picked to sing at president obama's inauguration, we're seeing how the big choir is preparing for th
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